Deer Meadows Estates
Deer Meadows Estates
- 8900 Jim Baliey Road, Kelowna, BC
- 8900 Jim Baliey Road, Kelowna, BC
- Cap rate
- 5%
- Property type
- Mobile Home Park
- Legal description
- Lot 17 and 18, Duck Lake IR No. 7, RSBC 1465
The Property is currently accessible via Jim Bailey Road to the east through an easement. The Vendor is currently conducting a discussion with the landowner to create a secondary access from Hwy 97.
• Leasehold Land with 45 years remaining + 49-year option to renew at $1.00, for a total of 94 years
• Modern, high-quality modular home to be built by Woodland Crafted Homes
• $1,100,000 Guaranteed Net Operating In- come for the first 3 years
• Ferocious housing market in Central Okanagan will continue to prop up demand for manufactured home parks for years to come
• Situated right on the highly popular Okanagan Rail Trail and minutes away from major employment nodes such as UBC Okanagan and Kelowna International Airport
Located in the highly desirable lakeside city
of Kelowna, this 36.75-arce property con-
sists of 230 home sites that will be built with
high-quality and modern homes that are per-
fectly designed for the Okanagan lifestyle.
The Vendor will guarantee the Net Operating
Income of $1,100,000 for the first three years
through a sinking fund. The development is
projected to be fully built out the property af-
ter three years.
